(CNSNews.com) – Far from being transitory or temporary, inflation is persistent and painfully high. On Tuesday, Treasury Secretary Janet Yellen admitted she was “wrong…about the path that inflation would take.”

Previously, as President Biden and congressional Democrats pumped trillions of taxpayer dollars into the economy for COVID relief and “rescue” packages, Yellen insisted that inflation was temporary.

In June 2021, Treasury Secretary Janet Yellen told a press conference, “We’re seeing some inflation but I don’t believe it’s permanent.” She said she believed Americans would continue “through the rest of the year to see higher inflation rates — maybe around 3%.”

In October 2021, Yellen again insisted that price inflation was temporary. She told CNN’s Jake Tapper she expected inflation to come down to the normal 2 percent range “next year,” meaning 2022. “”But I expect improvement by the end of — by the middle to end of next year, second half of next year,” she said.

On November 2021, Yellen told CBS’s “Face the Nation”: “[I]f we want to get inflation down, I think continuing to make progress against the pandemic is the most important thing we can do. I think it’s important to realize that the cause of this inflation is the pandemic.”